"I started this business 3 years ago and it has helped me take care of my family. I know how to safeguard my capital to ensure continuity in business." All these are words of Mrs. Patience O., who is 49 years old and a married mother of four (4) children. She is requesting $400 to expand her business and also buy more wood for sale.
The Kiva Field Partner in Nigeria who administers this loan is called the Lift Above Poverty Organization (LAPO). Kiva’s Staff wants to call your attention to the fact that LAPO is the subject of controversy. While all Kiva Field Partners charge an interest rate on loans to sustainably operate, LAPO’s interest rates (see their “Portfolio Yield”) and profitability (see their “Return on Assets”) are amongst the highest on Kiva. Kiva’s Staff encourages you to learn more about this Nigerian Field Partner before making this loan. http://www.kiva.org/partners/20